|By Marketwired .||
|January 17, 2014 12:00 PM EST||
MENLO PARK, CA and BEIJING, CHINA -- (Marketwired) -- 01/17/14 -- WestSummit Capital ("WSC"), a leading China-based, global growth capital investor, today announced that it has raised $325 million in capital commitments from several large institutional investors in Europe, North America and Asia, among others. The funds comprise of $225 million for WestSummit's Fund II, focused primarily on investments in North America and China, and $100 million for Summit Bridge Capital focused mainly on investments in Europe and China and managed in collaboration with European growth capital firm Atlantic Bridge. WSC's Fund II exceeds the size of the firm's Fund I by over three times.
"Technology innovation knows no borders, and we are excited to serve as a value-added partner to connect the China market with leading technologies from around the globe," said Raymond Yang, Managing Partner of WestSummit Capital.
Founded in partnership with the most prestigious financial institution in China, WestSummit Capital operates as one of the only technology growth equity firms investing between China, North America and Europe. WestSummit brings together Managing Partners Raymond Yang and Dr. Datong Chen, both highly successful technology executives who created over $2.5 billion in equity value by leading three companies -- two based in Shanghai and one based in Silicon Valley -- from inception/early stage through their IPO on the NASDAQ stock exchange.
Based on the firm's deep operating experience in China and Silicon Valley, WestSummit has built a reputation as a proven, value-added and hands-on strategic partner for China Value Creation ("CVC"). To further enhance WestSummit's CVC activities, the firm has hired a dedicated team of former operating executives with deep industry expertise in the firm's focus areas.
"WestSummit has the operational know-how and local connections to demystify the massive and complex China market, develop a strategy for market entry into China, and support a successful launch with tangible results," said David Helgason, CEO of Unity Technologies. "Unity's second largest user community is in China, and WestSummit was instrumental in growing our in-country team from nil to over 30 professionals while achieving rapid revenue growth and profitability since day one."
"WestSummit brought the global perspective, connections and capital to take GigaDevice to the next level," said Yiming Zhu, CEO of GigaDevice. "They worked with us to identify mobile as a major new vertical and define the strategy, and helped to introduce to us the top mobile platform partners that have significant influence in this industry. Since launching in mobile with WestSummit, we have achieved 500% growth in our total company revenues. WestSummit has been a game-changer for us."
With Fund II, WestSummit Capital continues its strategy of making growth stage investments of $5 to $15 million into leading companies in the Internet & Digital Media, SaaS & Cloud Computing, Mobile and IT-enabled Clean Tech sectors. Current investments in Fund II include Unity, Twitch, Mirantis, Verisilicon, and Union Optech.
More information about the Summit Bridge Capital can be found here:
About WestSummit Capital
WestSummit Capital (www.westsummitcap.com) is a premier China-based, global growth stage technology investment firm. WestSummit invests in the Internet, mobile, cloud computing and IT-enabled clean tech sectors with a focus on rapidly growing enterprises that have a substantial presence in or a strategic interest in China. Sponsored by major financial institutions in Asia, Europe and North America, WestSummit closely partners with leading companies across the globe to realize the full potential of developing their businesses in Greater China. WestSummit operates from offices in Beijing, Silicon Valley and Hong Kong.
The Bulleit Group
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Oct. 6, 2015 07:45 PM EDT Reads: 336
Recently announced Azure Data Lake addresses the big data 3V challenges; volume, velocity and variety. It is one more storage feature in addition to blobs and SQL Azure database. Azure Data Lake (should have been Azure Data Ocean IMHO) is really omnipotent. Just look at the key capabilities of Azure Data Lake:
Oct. 6, 2015 07:00 PM EDT Reads: 224
In his session at @ThingsExpo, Tony Shan, Chief Architect at CTS, will explore the synergy of Big Data and IoT. First he will take a closer look at the Internet of Things and Big Data individually, in terms of what, which, why, where, when, who, how and how much. Then he will explore the relationship between IoT and Big Data. Specifically, he will drill down to how the 4Vs aspects intersect with IoT: Volume, Variety, Velocity and Value. In turn, Tony will analyze how the key components of IoT ...
Oct. 6, 2015 06:00 PM EDT Reads: 306
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
Oct. 6, 2015 05:00 PM EDT Reads: 248
SYS-CON Events announced today that Cloud Raxak has been named “Media & Session Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Raxak Protect automates security compliance across private and public clouds. Using the SaaS tool or managed service, developers can deploy cloud apps quickly, cost-effectively, and without error.
Oct. 6, 2015 04:40 PM EDT
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Oct. 6, 2015 03:00 PM EDT Reads: 114
“All our customers are looking at the cloud ecosystem as an important part of their overall product strategy. Some see it evolve as a multi-cloud / hybrid cloud strategy, while others are embracing all forms of cloud offerings like PaaS, IaaS and SaaS in their solutions,” noted Suhas Joshi, Vice President – Technology, at Harbinger Group, in this exclusive Q&A with Cloud Expo Conference Chair Roger Strukhoff.
Oct. 6, 2015 02:45 PM EDT Reads: 369
Scott Guthrie's keynote presentation "Journey to the intelligent cloud" is a must view video. This is from AzureCon 2015, September 29, 2015 I have reproduced some screen shots in case you are unable to view this long video for one reason or another. One of the highlights is 3 datacenters coming on line in India.
Oct. 6, 2015 02:00 PM EDT Reads: 227
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect ...
Oct. 6, 2015 01:00 PM EDT Reads: 580
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
Oct. 6, 2015 01:00 PM EDT Reads: 737
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 6, 2015 12:45 PM EDT Reads: 458
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud wit...
Oct. 6, 2015 12:30 PM EDT Reads: 579
As the world moves towards more DevOps and microservices, application deployment to the cloud ought to become a lot simpler. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. In his session at 17th Cloud Expo, Raghavan "Rags" Srinivas, an Architect/Developer Evangeli...
Oct. 6, 2015 12:15 PM EDT Reads: 106
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated a...
Oct. 6, 2015 12:00 PM EDT Reads: 439
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Oct. 6, 2015 12:00 PM EDT Reads: 283